Equities research analysts forecast that FedEx Co. (NYSE:FDX) will post sales of $16.18 billion for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for FedEx’s earnings. The highest sales estimate is $16.43 billion and the lowest is $15.80 billion. FedEx reported sales of $15.00 billion in the same quarter last year, which indicates a positive year over year growth rate of 7.9%. The business is expected to report its next quarterly earnings report after the market closes on Tuesday, March 20th.

According to Zacks, analysts expect that FedEx will report full-year sales of $16.18 billion for the current financial year, with estimates ranging from $63.85 billion to $65.14 billion. For the next financial year, analysts anticipate that the business will post sales of $68.01 billion per share, with estimates ranging from $66.42 billion to $70.23 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for FedEx.

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FedEx (NYSE:FDX) last posted its quarterly earnings data on Tuesday, December 19th. The shipping service provider reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $0.29. The company had revenue of $16.30 billion for the quarter, compared to analyst estimates of $15.67 billion. FedEx had a net margin of 4.74% and a return on equity of 20.56%. FedEx’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.80 earnings per share.

FDX has been the topic of several analyst reports. Zacks Investment Research downgraded shares of FedEx from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. UBS Group raised shares of FedEx from a “neutral” rating to a “buy” rating and lifted their target price for the company from $264.00 to $302.00 in a report on Friday, January 5th. Sanford C. Bernstein set a $236.00 target price on shares of FedEx and gave the company a “hold” rating in a report on Wednesday, December 20th. Loop Capital lifted their target price on shares of FedEx to $318.00 in a report on Thursday, January 4th. Finally, BMO Capital Markets lifted their target price on shares of FedEx from $265.00 to $270.00 and gave the company an “outperform” rating in a report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. FedEx presently has an average rating of “Buy” and a consensus target price of $275.04.

In other FedEx news, COO David J. Bronczek sold 46,555 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $255.49, for a total value of $11,894,336.95. Following the sale, the chief operating officer now owns 48,562 shares of the company’s stock, valued at $12,407,105.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David P. Steiner sold 3,016 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $266.05, for a total transaction of $802,406.80. Following the completion of the sale, the director now directly owns 16,040 shares in the company, valued at approximately $4,267,442. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,541 shares of company stock worth $13,692,142. 8.45% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cerebellum GP LLC purchased a new stake in shares of FedEx in the fourth quarter valued at about $125,000. Krilogy Financial LLC lifted its holdings in shares of FedEx by 0.4% in the second quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock valued at $111,000 after purchasing an additional 2 shares in the last quarter. Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of FedEx in the fourth quarter valued at about $144,000. Financial Engines Advisors L.L.C. purchased a new stake in shares of FedEx in the third quarter valued at about $132,000. Finally, We Are One Seven LLC purchased a new stake in shares of FedEx in the fourth quarter valued at about $148,000. 74.65% of the stock is currently owned by institutional investors.

FedEx (NYSE FDX) traded down $0.58 during midday trading on Wednesday, reaching $246.54. 1,277,097 shares of the company’s stock were exchanged, compared to its average volume of 1,890,000. The company has a current ratio of 1.57, a quick ratio of 1.50 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $66,050.00, a price-to-earnings ratio of 22.66, a PEG ratio of 1.44 and a beta of 1.32. FedEx has a one year low of $182.89 and a one year high of $274.66.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 12th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Friday, March 9th. FedEx’s dividend payout ratio is currently 18.38%.

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